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Daim Muhammad
920 Publications

Daim Muhammad

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$BTC october starts tomorrow. bitcoin is near $84,000. last october, 2025, it finished down about 3.9% after the $126,000 high. the month on the chart is not a trade by itself. across the full record october has been one of the stronger months. the median return sits near +13%. it closed green in about 11 of the last 16 years. 2024 was +11%.2023 was +28%. that is history. it is not a forecast for 2026. the conditions into the month are mixed. spot etfs just took in about $3.08 billion over nine sessions. $BTC has closed above the 50-week average near $78,800 for a second week. santiment's 10-10k wallets added 41,025 coins in ten days. those are bids. yields are still high. the rial and middle-east risk are still on the screen. last year's october red print shows the month can fail. {spot}(BTCUSDT) #AltcoinSeasonIndexHoldsAbove60For5Days #BankOfKoreaToBuy1TonGoldInDecember #USADPAdds90000JobsInSeptember #USCorePCEEasesTo3%InAugust #KospiPostsWorstQuarterSince2020
$BTC october starts tomorrow. bitcoin is near
$84,000. last october, 2025, it finished
down about 3.9% after the $126,000 high.
the month on the chart is not a trade by
itself.
across the full record october has been
one of the stronger months. the median
return sits near +13%. it closed green in
about 11 of the last 16 years. 2024 was
+11%.2023 was +28%. that is history. it is
not a forecast for 2026.
the conditions into the month are mixed.
spot etfs just took in about $3.08 billion
over nine sessions. $BTC has closed
above the 50-week average near $78,800
for a second week. santiment's 10-10k
wallets added 41,025 coins in ten days.
those are bids. yields are still high. the rial
and middle-east risk are still on the screen.
last year's october red print shows the
month can fail.

#AltcoinSeasonIndexHoldsAbove60For5Days #BankOfKoreaToBuy1TonGoldInDecember #USADPAdds90000JobsInSeptember #USCorePCEEasesTo3%InAugust #KospiPostsWorstQuarterSince2020
$BTC Influencer marketing has always been about capturing human attention. But the game is expanding. Al is becoming a second audience. Accenture's June 2026 research found that consumers are increasingly willing to let Al agents research and even make purchase decisions for them. That changes what valuable creator content looks like. Al agents don't process content the same way humans scrolling a feed do. They look for clear information, context, evidence, comparisons and signals they can verify. So content built only for emotion, virality and reach may not be enough anymore. The stronger approach is content that can attract people and provide useful information machines can understand and trust. #EarningsSeason #BitwiseLaunchesFirstSpotNEARETF #USJobOpeningsFallToFiveMonthLow #ECBToTestAIAgentsInDigitalEuroPayments #BitgetHackerFailsToMoveStolenFunds
$BTC Influencer marketing has always been
about capturing human attention. But the
game is expanding.
Al is becoming a second audience.
Accenture's June 2026 research found that
consumers are increasingly willing to let Al
agents research and even make purchase
decisions for them.
That changes what valuable creator
content looks like.
Al agents don't process content the same
way humans scrolling a feed do. They look
for clear information, context, evidence,
comparisons and signals they can verify.
So content built only for emotion, virality
and reach may not be enough anymore.
The stronger approach is content that can
attract people and provide useful
information machines can understand and
trust.
#EarningsSeason #BitwiseLaunchesFirstSpotNEARETF #USJobOpeningsFallToFiveMonthLow #ECBToTestAIAgentsInDigitalEuroPayments #BitgetHackerFailsToMoveStolenFunds
$BTC is outperforming Gold and $100K is back on the table. $BTC slipped just 1% Monday, briefly touching $82.5K before recovering toward $84K, while gold plunged nearly 4% as long-term yields hit their highest levels since 2007. The bigger picture is even stronger: Bitcoin is up more than 40% this quarter, outperforming gold, the S&P 500 and other major assets. Technically, the interesting part is the $82.8K area. Fidelity's Jurrien Timmer says a break above that level confirms a double- bottom breakout, with a potential target around $100K. And options positioning is adding fuel to the narrative. On Deribit, the $90K call has about $2.45B in open interest, followed by $95K at $2.33B and $10OK at $1.79B. #EarningsSeason #ECBToTestAIAgentsInDigitalEuroPayments #JapanFSABacksFourthStablecoinTradeSettlementPilot #BitMineETHHoldingsTop6Million
$BTC is outperforming Gold and $100K is
back on the table.
$BTC slipped just 1% Monday, briefly
touching $82.5K before recovering toward
$84K, while gold plunged nearly 4% as
long-term yields hit their highest levels
since 2007.
The bigger picture is even stronger: Bitcoin
is up more than 40% this quarter,
outperforming gold, the S&P 500 and other
major assets.
Technically, the interesting part is the
$82.8K area. Fidelity's Jurrien Timmer says
a break above that level confirms a double-
bottom breakout, with a potential target
around $100K.
And options positioning is adding fuel to
the narrative. On Deribit, the $90K call has
about $2.45B in open interest, followed by
$95K at $2.33B and $10OK at $1.79B.
#EarningsSeason #ECBToTestAIAgentsInDigitalEuroPayments #JapanFSABacksFourthStablecoinTradeSettlementPilot #BitMineETHHoldingsTop6Million
$BTC ETFs had a pretty strong week: $2.39B in net inflows, compared with just $6.21M the week before. September 25 also marked the seventh green day in a row. $ETH followed the same direction with $689.88M in weekly inflows, after $140M in outflows a week earlier. o At the same time, the futures market looked much less comfortable. More than 112,000 traders were liquidated in 24 hours, with over $345M wiped out. Around $272M of that came from longs. And that's what makes the current setup interesting to me. $BTC moved from around $75K to above $87K, then pulled back toward $84K. So yes, capital is clearly coming into spot products, but that doesn't make the road up smooth. ETF buyers can sit through volatility. A leveraged long often can't #EarningsSeason #BitgetHackerFailsToMoveStolenFunds #BitMineETHHoldingsTop6Million #StrategyAdds1666BTCHoldingsReach847666 #OpenAIDelaysGPT6.1OverSafetyIssues
$BTC ETFs had a pretty strong week:
$2.39B in net inflows, compared with just
$6.21M the week before. September 25
also marked the seventh green day in a
row. $ETH followed the same direction
with $689.88M in weekly inflows, after
$140M in outflows a week earlier. o
At the same time, the futures market
looked much less comfortable. More than
112,000 traders were liquidated in 24
hours, with over $345M wiped out. Around
$272M of that came from longs.
And that's what makes the current setup
interesting to me. $BTC moved from
around $75K to above $87K, then pulled
back toward $84K. So yes, capital is
clearly coming into spot products, but that
doesn't make the road up smooth. ETF
buyers can sit through volatility. A
leveraged long often can't
#EarningsSeason #BitgetHackerFailsToMoveStolenFunds #BitMineETHHoldingsTop6Million #StrategyAdds1666BTCHoldingsReach847666 #OpenAIDelaysGPT6.1OverSafetyIssues
$BTC A STRATEGY BUYS 1,665 $BTC BUT IT SPENT EVEN MORE ON $STRC Strategy acquired 1,665 $BTC for $142.7M between September 21-27 at an average price of $85,681 per Bitcoin, taking total holdings to a record 847,666 $BTC. The company has now spent approximately $63.95B on its Bitcoin stack at an average cost of $75,437 per $BTC. But the more unusual number is $151.7M. During the same week, Strategy repurchased 1,534,530 shares of $STRC for $151.7M, meaning it actually spent more buying back its preferred stock than buying Bitcoin. The funding structure matters. Strategy sold 1,469,165 $MSTR shares for $246.2M net proceeds. Of that, $142.7M funded the Bitcoin purchase and $103.5M funded part of the $STRC buyback. Another $48.1M of USD Cash completed the repurchase. #ChainlinkLaunchesCCIP2WithEnterpriseVerification #QNTFallsOver40%FromMorningHigh #USDTAdds845900HoldersInPast7Days #KospiFalls2.7%SamsungSKHynixDropOver5% #BitgetDetailsSecurityIncidentTimeline .
$BTC A STRATEGY BUYS 1,665 $BTC BUT IT
SPENT EVEN MORE ON $STRC
Strategy acquired 1,665 $BTC for $142.7M
between September 21-27 at an average
price of $85,681 per Bitcoin, taking total
holdings to a record 847,666 $BTC . The
company has now spent approximately
$63.95B on its Bitcoin stack at an average
cost of $75,437 per $BTC . But the more
unusual number is $151.7M.
During the same week, Strategy
repurchased 1,534,530 shares of $STRC
for $151.7M, meaning it actually spent more
buying back its preferred stock than
buying Bitcoin.
The funding structure matters. Strategy
sold 1,469,165 $MSTR shares for $246.2M
net proceeds. Of that, $142.7M funded the
Bitcoin purchase and $103.5M funded part
of the $STRC buyback. Another $48.1M of
USD Cash completed the repurchase.
#ChainlinkLaunchesCCIP2WithEnterpriseVerification #QNTFallsOver40%FromMorningHigh #USDTAdds845900HoldersInPast7Days #KospiFalls2.7%SamsungSKHynixDropOver5% #BitgetDetailsSecurityIncidentTimeline
.
$BTC can absolutely compete with a 5% yield because it functions as an asymmetric hedge against systemic currency debasement rather than just a yield- generating asset. While $BTC is down 2.2% at 82973 and $ETH sits at 2657 with only 22% of liquid USDT pairs showing green on Binance, short-term volatility is just noise. Investors looking for a 10-year yield are chasing stagnant purchasing power, whereas crypto remains the only liquid global hedge against central bank failures. I prefer the growth potential of an scarce digital store of value over the locked-in loss of real return offered by traditional bonds. #QNTFallsOver40%FromMorningHigh #BitgetDetailsSecurityIncidentTimeline #FedProposesPaymentStablecoinRules #SKoreaFSCConsidersVirtualAssetMarketMaker
$BTC can absolutely compete with a 5%
yield because it functions as an asymmetric
hedge against systemic currency
debasement rather than just a yield-
generating asset. While $BTC is down
2.2% at 82973 and $ETH sits at 2657
with only 22% of liquid USDT pairs showing
green on Binance, short-term volatility is
just noise. Investors looking for a 10-year
yield are chasing stagnant purchasing
power, whereas crypto remains the only
liquid global hedge against central bank
failures. I prefer the growth potential of an
scarce digital store of value over the
locked-in loss of real return offered by
traditional bonds.
#QNTFallsOver40%FromMorningHigh #BitgetDetailsSecurityIncidentTimeline #FedProposesPaymentStablecoinRules #SKoreaFSCConsidersVirtualAssetMarketMaker
$BTC BALTCOIN SEASON SIGNALS ARE GETTING HARDER TO IGNORE Altseason signals are strengthening, but the data suggest we're still in a transition phase rather than a fully confirmed altseason. Glassnode's Altcoin Cycle Signal reached 81.25 in late September, crossing its altseason threshold. Meanwhile, altcoin market cap excluding $BTC has climbed roughly 33% since mid-August to $1.17- $1.19T, while $BTC dominance has weakened from the 58-59% area. But falling dominance doesn't automatically mean investors are selling Bitcoin for alts. Dominance also falls when altcoins simply appreciate faster. What makes this move more interesting is market breadth. #FedProposesPaymentStablecoinRules #ChinaMayLetAlibabaByteDanceBuyNvidiaChips #SKoreaFSCConsidersVirtualAssetMarketMaker #ChinaIndustrialProfitGrowthSlowsFourthMonth #BitwiseFilesFinalNEARSpotETFProspectus
$BTC BALTCOIN SEASON SIGNALS ARE
GETTING HARDER TO IGNORE
Altseason signals are strengthening, but
the data suggest we're still in a transition
phase rather than a fully confirmed
altseason. Glassnode's Altcoin Cycle Signal
reached 81.25 in late September, crossing
its altseason threshold. Meanwhile, altcoin
market cap excluding $BTC has climbed
roughly 33% since mid-August to $1.17-
$1.19T, while $BTC dominance has
weakened from the 58-59% area.
But falling dominance doesn't
automatically mean investors are selling
Bitcoin for alts. Dominance also falls when
altcoins simply appreciate faster. What
makes this move more interesting is market
breadth.
#FedProposesPaymentStablecoinRules #ChinaMayLetAlibabaByteDanceBuyNvidiaChips #SKoreaFSCConsidersVirtualAssetMarketMaker #ChinaIndustrialProfitGrowthSlowsFourthMonth #BitwiseFilesFinalNEARSpotETFProspectus
$BTC MORNING MARKET BRIEF September 28, 2026 The market enters the new week with two key risks: Bitget's withdrawal restart and renewed pressure from oil and Treasury yields. Crypto: Bitget faces its first real test Bitget is scheduled to resume BTC withdrawals today at 08:00 UTC, followed by ETH on Sep 29, USDT on Sep 30, and other assets, fiat and P2P on Oct 2. The exchange says the vulnerability has been fixed, while the investigation with Mandiant and SlowMist continues. $BTC $83.8K + $ETH $2.66K The key question is simple: will withdrawals resume on schedule without additional restrictions? Macro: 5%+ yields remain a problem The US 10Y closed Friday around 5.16%, after reaching 5.23% - its highest level since 2007. #ChinaIndustrialProfitGrowthSlowsFourthMonth #BitwiseFilesFinalNEARSpotETFProspectus #DogecoinETFsPostBiggestWeekSinceLaunch #StrategyStriveAdd2305BitcoinThisWeek #TrumpRejectsIranHormuzReopening
$BTC MORNING MARKET BRIEF September 28,
2026
The market enters the new week with two
key risks: Bitget's withdrawal restart and
renewed pressure from oil and Treasury
yields.
Crypto: Bitget faces its first real test
Bitget is scheduled to resume BTC
withdrawals today at 08:00 UTC, followed
by ETH on Sep 29, USDT on Sep 30, and
other assets, fiat and P2P on Oct 2.
The exchange says the vulnerability has
been fixed, while the investigation with
Mandiant and SlowMist continues.
$BTC
$83.8K
+ $ETH
$2.66K
The key question is simple: will
withdrawals resume on schedule without
additional restrictions?
Macro: 5%+ yields remain a problem
The US 10Y closed Friday around 5.16%,
after reaching 5.23% - its highest level
since 2007.
#ChinaIndustrialProfitGrowthSlowsFourthMonth #BitwiseFilesFinalNEARSpotETFProspectus #DogecoinETFsPostBiggestWeekSinceLaunch #StrategyStriveAdd2305BitcoinThisWeek #TrumpRejectsIranHormuzReopening
$BTC The Countries Where $BTC Lives Between People, Not Platforms Crypto services had a hard year: value flowing into exchanges, DeFi and other platforms fell 4.3%. Meanwhile, value moving directly between personal wallets inside countries rose 302.9% to $228.7 billion, and 96% of it moved in stablecoins. So where does crypto live between people the most? Here is the top 8 by domestic peer-to-peer activity from Chainalysis' 2026 Global Crypto Adoption Index I1. Nigeria: also 1st in cross-border flows, yet only 18th in service flows 2. China: 2nd in peer-to-peer, but 29th in service flows 3. Brazil: the only country in the top 4 of every category, and 1st overall 4. South Africa: 33rd in service flows, but 3rd in cross-border activity 5. Thailand: 25th in service flows, 6th in balances
$BTC The Countries Where $BTC Lives
Between People, Not Platforms
Crypto services had a hard year: value
flowing into exchanges, DeFi and other
platforms fell 4.3%. Meanwhile, value
moving directly between personal wallets
inside countries rose 302.9% to $228.7
billion, and 96% of it moved in stablecoins.
So where does crypto live between people
the most? Here is the top 8 by domestic
peer-to-peer activity from Chainalysis'
2026 Global Crypto Adoption Index
I1. Nigeria: also 1st in cross-border
flows, yet only 18th in service flows
2. China: 2nd in peer-to-peer, but 29th
in service flows
3. Brazil: the only country in the top 4 of
every category, and 1st overall
4. South Africa: 33rd in service flows,
but 3rd in cross-border activity
5. Thailand: 25th in service flows, 6th in
balances
$BTC Stress-Testing the Altcoin Rally: Which Moves Are Real? Price says "rally". Open interest shows who's paying for it. ONDO → Ol at a record 1.07B tokens, price at its highest since November 2025. Both climbing together, the cleanest setup of the day. 2$ZEC→ +7% with Ol +15.9%, funding ~10% annualized. New money, not short covering. But it sits on top of ~300% this quarter. Fresh leverage at that height is fuel and a fuse at the same time. LINK → Ol +28%, price +14%. Leverage growing twice as fast as price. That's where I'd expect the first long flush if the market wobbles. #BitwiseFilesFinalNEARSpotETFProspectus #DogecoinETFsPostBiggestWeekSinceLaunch #StrategyStriveAdd2305BitcoinThisWeek #TrumpRejectsIranHormuzReopening #SECSaysTokenBuybacksNotAutoSecurities
$BTC Stress-Testing the Altcoin Rally: Which
Moves Are Real?
Price says "rally". Open interest shows
who's paying for it.
ONDO → Ol at a record 1.07B tokens,
price at its highest since November 2025.
Both climbing together, the cleanest setup
of the day.
2$ZEC→ +7% with Ol +15.9%,
funding ~10% annualized. New money, not
short covering. But it sits on top of ~300%
this quarter. Fresh leverage at that height is
fuel and a fuse at the same time.
LINK → Ol +28%, price +14%. Leverage
growing twice as fast as price. That's
where I'd expect the first long flush if the
market wobbles.
#BitwiseFilesFinalNEARSpotETFProspectus #DogecoinETFsPostBiggestWeekSinceLaunch #StrategyStriveAdd2305BitcoinThisWeek #TrumpRejectsIranHormuzReopening #SECSaysTokenBuybacksNotAutoSecurities
$BTC Bitcoin's $15.6B Options Expiry ls a Positioning Event, Not a Price Target Deribit data cited by Decrypt shows roughly 182,000 BTC in options expiring on September 25, representing about $15.6 billion in notional value. The book contains about 106,200 calls and 75,900 puts, implying a put-to-call ratio near 0.71. Deribit's displayed max-pain level is around $76,000, while the $70,000 strike holds the largest concentration of both calls and puts. The important distinction is that $15.6 billion is not cash that automatically changes hands at expiry. Options notional describes the face value of open contracts. Dealer hedging and gamma exposure can affect short-term price behavior, but "max pain" is not a forecast and should not be treated as one. #StrategyStriveAdd2305BitcoinThisWeek #TrumpRejectsIranHormuzReopening #CircleTetherFreezeBitgetHackerWallet #SECSaysTokenBuybacksNotAutoSecurities #CoinMarketCapCompletesCoinglassAcquisition
$BTC Bitcoin's $15.6B Options Expiry ls a
Positioning Event, Not a Price Target
Deribit data cited by Decrypt shows
roughly 182,000 BTC in options expiring on
September 25, representing about $15.6
billion in notional value. The book contains
about 106,200 calls and 75,900 puts,
implying a put-to-call ratio near 0.71.
Deribit's displayed max-pain level is around
$76,000, while the $70,000 strike holds the
largest concentration of both calls and
puts.
The important distinction is that $15.6
billion is not cash that automatically
changes hands at expiry. Options notional
describes the face value of open
contracts. Dealer hedging and gamma
exposure can affect short-term price
behavior, but "max pain" is not a forecast
and should not be treated as one.
#StrategyStriveAdd2305BitcoinThisWeek #TrumpRejectsIranHormuzReopening #CircleTetherFreezeBitgetHackerWallet #SECSaysTokenBuybacksNotAutoSecurities #CoinMarketCapCompletesCoinglassAcquisition
$BTC River Financial's latest data puts Bitcoin's supply dynamics in focus: 81% of circulating $BTC, about 16.3 million coins has not moved for at least six months. River also reports that long-term holders have accumulated more than 3 million BTC since 2020, while only about 300,000 BTC from older holdings moved during the first half of 2026. Retail investors sold a net 140,000 BTC during the first half of 2026 but bought back more than 107,000 BTC in Q3, while mid-sized wallets holding 100 to 1,000 BTC have also increased their holdings. The 81% figure does not mean those coins can never move; it simply means they have remained untouched for at least six months. #StrategyStriveAdd2305BitcoinThisWeek #TrumpRejectsIranHormuzReopening #CircleTetherFreezeBitgetHackerWallet #SECSaysTokenBuybacksNotAutoSecurities #CoinMarketCapCompletesCoinglassAcquisition
$BTC River Financial's latest data puts Bitcoin's
supply dynamics in focus: 81% of
circulating $BTC , about 16.3 million
coins has not moved for at least six
months.
River also reports that long-term holders
have accumulated more than 3 million BTC
since 2020, while only about 300,000 BTC
from older holdings moved during the first
half of 2026.
Retail investors sold a net 140,000 BTC
during the first half of 2026 but bought
back more than 107,000 BTC in Q3, while
mid-sized wallets holding 100 to 1,000 BTC
have also increased their holdings.
The 81% figure does not mean those coins
can never move; it simply means they have
remained untouched for at least six
months.
#StrategyStriveAdd2305BitcoinThisWeek #TrumpRejectsIranHormuzReopening #CircleTetherFreezeBitgetHackerWallet #SECSaysTokenBuybacksNotAutoSecurities #CoinMarketCapCompletesCoinglassAcquisition
$BTC $2.39 billion entered U.S. spot Bitcoin ETFs in just five trading days, but the price reaction tells an interesting story. From Sept. 21-25, the ETFs recorded net inflows every session, with Monday alone bringing in roughly $999M. BlackRock's IBIT led the week with about $1.16B, while Fidelity's FBTC added roughly $702M. Yet $BTC couldn't simply keep running. Bitcoin briefly pushed above $87K before cooling toward $84K, showing that strong ETF demand can still meet significant selling pressure. That's what makes this worth watching. ETF inflows provide a clearer bridge for traditional capital into Bitcoin, but one record week doesn't guarantee the next move. The stronger signal would be sustained inflows alongside $BTC establishing a higher price range. #TrumpRejectsIranHormuzReopening #CircleTetherFreezeBitgetHackerWallet #SECSaysTokenBuybacksNotAutoSecurities #CoinMarketCapCompletesCoinglassAcquisition #CircleMints500MUSDCOnSolana
$BTC $2.39 billion entered U.S. spot Bitcoin ETFs
in just five trading days, but the price
reaction tells an interesting story.
From Sept. 21-25, the ETFs recorded net
inflows every session, with Monday alone
bringing in roughly $999M. BlackRock's
IBIT led the week with about $1.16B, while
Fidelity's FBTC added roughly $702M.
Yet $BTC couldn't simply keep running.
Bitcoin briefly pushed above $87K before
cooling toward $84K, showing that strong
ETF demand can still meet significant
selling pressure.
That's what makes this worth watching.
ETF inflows provide a clearer bridge for
traditional capital into Bitcoin, but one
record week doesn't guarantee the next
move. The stronger signal would be
sustained inflows alongside $BTC
establishing a higher price range.
#TrumpRejectsIranHormuzReopening #CircleTetherFreezeBitgetHackerWallet #SECSaysTokenBuybacksNotAutoSecurities #CoinMarketCapCompletesCoinglassAcquisition #CircleMints500MUSDCOnSolana
BTC+0,98%
IBITETF+0,13%
FBTCETF+0,18%
$BTC Bitcoin may be entering a new bull market, according to Fidelity's Jurrien Timmer. He says $BTC held the $60,000 support zone for almost a year, roughly matching the length of a typical Bitcoin winter. With Bitcoin now breaking higher, Timmer says a new four-year cycle could be underway. He also pointed to the BTClgold Z-score turning positive after spending an extended period below zero. Timmer's longer-term model also puts a potential path toward $300,000 by 2029, based ona slower projected growth rate of around 60 to 65% annually. That figure comes from his power-law framework and is a model-based scenario, not a guaranteed price target. #PolymarketBankFailureBetsDrawFDICConcern #PolymarketBankFailureBetsDrawFDICConcern #BitwiseFilesToListNEARETFOnNYSEArca #SECSaysBuybacksUpgradesDontMakeTokenSecurity
$BTC Bitcoin may be entering a new bull market,
according to Fidelity's Jurrien Timmer.
He says $BTC held the $60,000 support
zone for almost a year, roughly matching
the length of a typical Bitcoin winter.
With Bitcoin now breaking higher, Timmer
says a new four-year cycle could be
underway. He also pointed to the BTClgold
Z-score turning positive after spending an
extended period below zero.
Timmer's longer-term model also puts a
potential path toward $300,000 by 2029,
based ona slower projected growth rate of
around 60 to 65% annually.
That figure comes from his power-law
framework and is a model-based scenario,
not a guaranteed price target.
#PolymarketBankFailureBetsDrawFDICConcern #PolymarketBankFailureBetsDrawFDICConcern #BitwiseFilesToListNEARETFOnNYSEArca #SECSaysBuybacksUpgradesDontMakeTokenSecurity
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